Wall Street Gold Forecasts Drop 8% for 2026, First Cut in 11 Quarters

Analysts lower 2026 gold target to $4,509/oz and silver to $72/oz. Deutsche Bank cuts targets citing Fed rate expectations, though central bank demand supports long-term outlook.

Woofun AI data shows that analysts have reduced gold price forecasts for the first time since late 2023. The average 2026 prediction stands at $4,509 per ounce, down from $4,916, while the 2027 outlook fell to $4,610 from $5,100. Silver expectations also declined to $72 per ounce for 2026, previously $78.

Deutsche Bank lowered its year-end gold target to $4,500 and silver to $67, citing excessive market expectations for Federal Reserve tightening. The bank notes that gold could regain strength if inflation eases and rates remain stable, despite current downward revisions.